BUY GOLD Aug 2023 @ 58000 SL 57800 TGT 58300-58500. MCX-Kedia Advisory
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Gold
Observations
Gold trading range for the day is 57820-58850
Gold dropped as the aggressively hawkish outlook for major central banks continued to pressure
Fed Powell stated that nearly all FOMC participants expect that it will be appropriate to continue raising interest rates this year.
Swiss gold exports rise in May due to higher shipments to India
Poland's central bank buys another 19 tonnes of gold, pushing reserves to record levels in May
BUY GOLD Aug 2023 @ 58000 SL 57800 TGT 58300-58500. MCX
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